AsianFin--Xpeng Huitian, a prominent player in the flying car industry, has announced the successful completion of its Round B1 financing round, securing $150 million.

The company also revealed the launch of its Round B2 financing round. This latest round of funding is crucial for advancing the research and development, large-scale production, and commercialization of Xpeng Huitian's flying cars.

Xpeng Huitian is set to build the world's first large-scale flying car factory utilizing modern assembly lines in the Guangzhou Development District. This facility will primarily produce the flying component of their modular flying car, the "Land Aircraft Carrier." The "Land Aircraft Carrier" is planned to begin presales in the fourth quarter of this year.